Accredited Sub Plans Stock Offering

Published August 03, 2004, 2:00 p.m. EDT

1 Min Read

Accredited Home Lenders Holding Co., San Diego, has announced plans for a public offering of $50 million of preferred stock by an indirect subsidiary, Accredited Mortgage Loan REIT Trust.The real estate investment trust proposes to offer two million shares of series A perpetual cumulative preferred shares, bearing a liquidation preference of $25 per share. The managers of the offering are Bear, Stearns & Co. and Friedman, Billings, Ramsey & Co. Accredited can be found online at http://www.accredhome.com.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Secondary markets

Non-QM issuance estimates boosted due to investor demand

Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.

By Brad Finkelstein
Originations Editor

2h ago
Homeowners insurance

How New American Funding's insurance arm saves DTI-tight loans

NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.

By Colin McNamara
Reporter

9h ago
Politics and policy

What banks can expect if Democrats sweep Congress

Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.

By Claire Williams
Reporter

9h ago
Law and legal issues

Citizens sues SoFi as fights over talent, pipelines persist

The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.

By Andrew Martinez
Reporter

September 12
Secondary markets

Pulte moves give whole loan sellers reason to act on VS4

Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.

By Bonnie Sinnock
Capital Markets Editor

September 11
Mortgage rates

Rising rates force concessions: reach sideline buyers

Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.

By Brad Finkelstein
Originations Editor

September 11

Load More